Tuesday, 8 May 2012

NV Multi’s PN17 status to be uplifted

KUALA LUMPUR (May 8): NV MULTI CORPORATION BHD [] status as a Practice Note 17 (PN17) company will be lifted effective May 9 after the company completed its restructuring scheme (except for the offer for sale to NV MULTI shareholders to meet the public shareholding spread requirement).

In a filing to Bursa Malaysia Securities Bhd on Tuesday, NV Multi said AYS Ventures Bhd had assumed the its listing status.

“With the above, the Company has regularised its financial condition and no longer triggers the criteria under Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Bhd,” it said.